UK National Minimum Wage rates for workers as per Low Pay Commission’s recommendations – Investing Abroad News
Britain’s government has achieved its objective to shrink the gap between the lowest income and those with higher wages. Having accepted the Low Pay Commission’s recommendations in full, on 1 April 2024, the National Living Wage will increase by 9.8 per cent to £11.44 an hour, and apply to workers aged 21 and over.
The National Living Wage was introduced in April 2016 and in 2019, the government set a target for the National Living Wage to reach two-thirds of median earnings by 2024 for workers aged 21 and over.
Starting April, the UK government has ended low hourly pay for workers aged 21 and over. The planned increases to the National Living Wage and National Minimum Wage rates this April are expected to boost the wages of around 3 million low-paid workers.
The government is also increasing each of the National Minimum Wage rates for younger workers and apprentices to £8.60 for 18-20 year olds and to £6.40 for under 18s and apprentices.
The UK government has asked the Low Pay Commission to recommend the National Living Wage rate which should apply from April 2025 and to protect progress made to end low hourly pay, without recommending any further revisions to the age threshold.
The Department for Business and Trade said in a statement on Wednesday that this fulfilled Prime Minister Rishi Sunak’s Conservative Party’s electoral objective to raise the minimum wage in line with median wages by 2025.
The Low Pay Commission, a team of specialists that advises the government on minimum wage hikes, stated that the most likely increase for the National Living Wage in 2025 would be a 3.9% increase to 11.89 pounds per hour.
Britain initially implemented a minimum wage 25 years ago to address income inequality.
